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Which of the following statements is correct? More than one answer may apply. A hedger owns or plans to buy the underlying asset, a speculator

Which of the following statements is correct? More than one answer may apply.

A hedger owns or plans to buy the underlying asset, a speculator does not.

A speculator owns or plans to buy the underlying asset, a hedger does not.

An airline buying long oil futures is an example of speculation.

A politician buying cattle futures is an example of speculation.

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